Sonoco director granted 324 Phantom Stock Units
Sonoco Products Company director Blythe J. McGarvie received a grant of 324.1 Phantom Stock Units tied to Sonoco common stock at an equivalent value of $53.29 per unit.
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Rhea-AI Filing Summary
Sonoco Products Company director Blythe J. McGarvie received a grant of 324.1 Phantom Stock Units tied to Sonoco common stock at an equivalent value of $53.29 per unit. Following this award, McGarvie holds a total of 32,911.9 Phantom Stock Units.
Each phantom unit is the economic equivalent of one share of Sonoco common stock and was acquired through a quarterly dividend credited under the directors' deferred compensation plan. These units will be settled in the future upon McGarvie’s retirement or other termination of board service, making this a routine, non‑cash compensation-related accrual rather than an open-market share purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 324.1 | $53.29 | $17K |
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F2. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sonoco Products (SON) director Blythe J. McGarvie report on this Form 4?
How many Phantom Stock Units does Blythe J. McGarvie now hold in Sonoco (SON)?
When will Blythe J. McGarvie’s Sonoco (SON) Phantom Stock Units be settled?
What is the economic value basis of the new Sonoco (SON) Phantom Stock Units grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.